Broadcast Vendor M&A: Brightcove Closes $30 Million Acquisition of Zencoder

Posted by Joe Zaller
Aug 15 2012

Online video publishing provider Brightcove said in an 8K filing with the SEC that it has closed the acquisition of Zencoder, a 2-year old start-up that provides cloud-based encoding, transcoding and an HTML5 video player.

According to the filing, Brightcove paid approximately $30.0 million in cash.

As part of the deal, $4.6m of the purchase price was placed into an escrow fund to settle certain claims for indemnification for breaches or inaccuracies in Zencoder’s representations and warranties, covenants, agreements, and losses attributable to certain taxes, and payments due to Brightcove for certain adjustments to the calculation of the working capital of Zencoder as of the close of business on the day immediately prior to the closing date.

 

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Related Content:

Brightcove 8K Filing: Completion of Zencoder Acquisition

Brightcove – Zencoder Agreement and Plan of Merger

More Broadcast Vendor M&A: Brightcove Buys Zencoder for $30 Million in Latest Video Transcoding Deal

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